Posted 3/21/2024, 3:10:00 PM
Switzerland Cuts Rates, Prompting Speculation of More Global Easing to Counter Economic Risks
- Switzerland surprises markets by cutting rates, sparking speculation other central banks could follow
- Markets now betting on ECB and BoE rate cuts as early as June to fight economic weakness
- Analysts say Fed may wait longer to cut rates given still-high US inflation
- Risk of inflating currencies by moving too fast before Fed a concern for ECB and BoE
- Some investors adding to European bond holdings, expecting rates to fall further